Anthropic’s IPO pitch includes a warning about human extinction

Anthropic’s S-1 filing dedicates almost one-third to risk factors, explicitly warning that its AI models could pose existential threats by manipulating, blackmailing, or otherwise behaving unpredictably. The prospectus also highlights prosaic risks, noting that nearly 25% of the company’s revenue last year came from just two customers. These disclosures underscore the firm’s focus on both technical and market concentration risks as it prepares for an IPO.